Fall 2016 Small Business Benefits Solutions/Marketplace Update
Innovation Pavilion DTC 11:00 AM Wed October 5, 2016
Our Guest Speakers:
Patti Meyer, Interim Director/Small Business Market Manager Connect For Health Colorado
Tricia Shearer, Small Group Representative Humana Health Plans
Stacey Gilbert, Technology Coverage/Employee Benefits Consultant Denver Tech Insurance
Startups/Small Business with 2 or more employees: Big Changes for Fall and 2017:
Ø92,000 people losing individual coverage on 12/31/16. What’s left will experience an average increase of 20% in the individual market premiums. We expect a FORTY PERCENT increase in the number of small group insurance plans of 2-10 employees enrolling this fall with lower small group premiums.
ØSmall Group Insurance now costs LESS than individual. Employees can save 20-50%
Ø Up to 50% Tax Credits for Qualified Small Groups with 2-25 employees and pre-tax help for employees. Connect For Health Colorado SHOP Plans. Amnesty SHOP enrollment one month this fall for groups lacking "participation"
Ø20-40% savings for Mature Groups with 40’s to 64 demographic with FIVE or more enrolled employees.
ØGroup Health Insurance Plan with NO Deductibles, Small Copays for ER and Advanced Imaging
ØIs Your Small Business Audit Ready? Solutions to Avoid IRS Fines/Penalties if you have 2 or more W-2 Employees (including the owner).
ØAmendment 69? Good Intentions but a lot of costs. How will it affect YOUR small business both employer and employee costs.
We’ll provide you with solutions to save your business thousands of dollars annually, provide options you haven’t thought about and keep you in IRS compliance.
Open enrollment is starting now for small groups with 11/1/16-1/1/17 effective dates. Attendees will be provided handouts on the SHOP program, IRS Tax Credits, information about Fall Open Enrollment options. We will not be discussing PEAK/Medicaid or individual coverage at this event.
This educational event is intended only for small businesses with 2 or more Full Time Employees. If you are a solopreneur, please disregard this flyer or forward to a business owner with employees...as the entire event is for business owners with employees only. Thank you. Limited Space Event for employers only: No Sales People/MLM